Ken Lewis is an American Hero

For a minute, put the cynicism aside and recognize what this man has done. He has taken Bank of America Corporation [[BAC]] from the precipice of  oblivion, in the process getting bitch slapped by the Government, to turning his business around inside of 1 short year—allowing him to pay back Barney Frank and some of his homo friends. Incredible.

In my estimation, this is incredibly bullish for equities, as it demonstrated massive availability of private capital for publicly held companies.

In a word: BROKENROBOTS

“We are pleased that Bank of America is moving ahead with plans to pay the taxpayers back in full,” the Treasury Department said in a statement. “As banks replace Treasury investments with private capital, confidence in the financial system increases, taxpayers are made whole, and government’s unprecedented involvement in the private sector” declines.

The bank plans to repay a chunk of the $45 billion in TARP funds using $26.2 billion in excess liquidity, such as cash and other holdings that can be sold quickly.

The remaining $18.8 billion will be raised by selling “common equivalent securities,” the bank added.

I’m gonna say “I told you so, fuckfaces,” in approximately 5 business days. This market is now rolling downhill, with only small unarmed midgets in its way. Broken robots and drunk traders now control the near term direction.

You’ve been warned.

Fuck it. I’m going to go with my gut here and shoot for a triple digit return, by releasing my cash position into the market.

I cut loose BigBand Networks, Inc. [[BBND]] , mainly because it was a fucking headache. I sold out of FBR and [[ENTR]] , mainly because they were small/legacy positions. Out with the old, in with the new.

I am legging into some Century Aluminum Company [[CENX]] , which is the most leveraged aluminum stock on the fucking planet, with zero hedges. And, I averaged in on some Green Mountain Coffee Roasters Inc. [[GMCR]] , just because. Finally, I took a stake in [[YONG]] , based upon recent Chinese-Ag trends. Additionally, the entire Ag sector is ripping higher, led by my The Mosaic Company [[MOS]] .

I have several other names on my buy lists, even a few airlines.

UPDATE: I bulked up on W.W. Grainger, Inc. [[GWW]] ,  Masco Corporation [[MAS]] and [[CBD]]

I bought 25,000 [[YONG]] in the $8.80’s.

UPDATE: I bought 20,000 Century Aluminum Company [[CENX]] , north of $10.60 and 5,000 Green Mountain Coffee Roasters Inc. [[GMCR]] in the $60.70’s.

Disclaimer: If you buy YONG because of this post, $8 Chicoms will cease going to $12 on no news. And, you may lose money.

I sold out of Ciena Corporation [[CIEN]] , north of $12.65,  the remainder of my [[ENTR]] , north of $3.20 and FBR, north of $18 and BigBand Networks, Inc. [[BBND]] , north of $3.30.

The fucking stock market is not a game, where you can just press a button and PRESTO— the market shits the shower and you become rich. I was one of you, a rotten bearshitter, one year ago today. However, the difference between me and you, I was waiting for bargains to buy stocks again, while you were sucking your own cock waiting for disaster. While you were stockpiling rice and beans, I was eating oversized sandwiches, filled with peanut butter and jelly, rooting for the little guy to get rich in the stock market.

Listen here you short selling idiot: you had your stock market crash, when it was decapitated to the tune of 60%+ in 2008. What do you want, another 60%?

Crashes do not occur often. Instead of being stubborn, waiting for the market to crash again, eat an oversized sandwich, filled with peanut butter and jelly and root for the little guy.

No one is suggesting the economy will roar back and everything will be okie dokie. The market responds to cycles. Right now we are in the midst of a recovery, whether you like it or not. In order for the market to fail, the cycle needs to mature then FAIL. Mr. Bearshitter, we are not there yet.

However, once we are there, I promise to let you know, via my prescient blog posts here on iBankCoin, in between bites of oversized sandwiches filled with peanut butter and jelly.

Cordially,

Fly

Woodshedder may not be the most prolific blogger on iBC, but he knows his system trading like I know how to walk like a Space Alien Magician (SAM), mainly because I am one.

With the help of Jeremy (IT guy/COO of iBankcoin Heavy Industries), we’ve developed an automated system that uses Wood’s back testing skills to select stocks which have a high likelihood of bouncing, with the added value of telling you (the internet leech) where to exit said picks. I’ve been using his system, along with my other methods, and I am thoroughly impressed. It is clean, easy to use, professional and effective.

My guess, after Jeremy is done with hacking into some Russian missile silos in Siberia, we’ll be ready to launch this product within a week. As always, pricing will be extraordinarily affordable, as iBC tends to cater to the poor/desolate demographic of the internets.

If you have any questions, feel free to quiz Woodshedder on this thread, or pest him via email: woodshedder_blogspot at yahoo.com.

How many times must I do this?

[youtube:http://www.youtube.com/watch?v=1CQZDiko2xg 616 500]

NOTE: This was intended to be posted last week. However, as you now know, The Turkey Gods were interrupted by debt junkies from the Middle East. At any rate, here it is, unedited.

Gentleman, the Turkey Gods are here and they bring gifts of perverse language, through a space alien magician conduit.

The market trading above 10,500, on the eve of the Turkey Gods, is not an accident. Gentleman, it is by design.

I warned you cocksuckers not to fuck with me. I told you the warm tales of Turkey Gods and how they control stock prices, with their ferocious cranberry encrusted beaks and gravy covered claws, over and over again. I exclaimed with ferocious tenacity: “The Fly wins all the time, The Fly Wins all the time, blah, blah, blah,” but you chose to disbelieve my dire warnings and pearls of enlightenment, in exchange for pure goat fuckery. As a result, you ventured off like a homo in the perfume section at Macy’s, to lesser websites, hosted by men in bow ties, who told you “America sucks (dick).” On that advice, you took your entire life savings and bet against the awesome criminals in dark suits, via large amounts of [[FAZ]] in your pathetic IRA accounts.

Guess what, fuckface?

Now you’re just dead. You’re not laughing anymore, mainly because you are fucking dead. Donuts to doorknobs, your market prowess is a drag on America’s economic recovery. I bid you farewell.

I’ve been winning for a little more than 10 fucking years now. With grace and dignity, like a gentleman with a pipe, I come here to iBankCoin in an effort to show goodwill by sharing my market experiences— literally helping the stupid people make a little coin in this diabolical world. What do I get in return? I get a guy, a poorly dressed fat guy if I might say so, coming to this web address telling me his “opinions” regarding the market. ROFL!! (3 exclamation marks is a sign of insanity, not 2!!)

HELLO!! Anyone home? How hilarious is that?

Your opinions mean nothing to me, AND MORE. I don’t give two fucks and a gay mule about anything. I am “The Fly” and I will slap you in the face with a sizzling slice of pizza without warning. This is my fucking website. Like it or not, you are going to have to live with that harsh reality.

What are we talking about here?

Gentlemen, we are talking about winship—winning in business, at home, in the street or even in dreams/nightmares.

Separately, a great man once said: “fuck those firemen.” I could not agree more. All firemen really do is hang around their stupid little clubhouses, cooking gourmet food all day long—metrosexual style.  How often does a building burn down, really? The most noble occupation in America, by far, is asset management. Forget about public servants. They are nothing more than “Government Bitches.” When discussing asset management, we are talking about a job that requires vast skill sets, courage and tenacity, the sort of thing this great nation was founded on. When done properly, asset managers improve the quality of life for just about everyone out there, by creating enough capital gains to fund great national projects, stemming from bank bailouts to “reversing global warming.” On this Thanksgiving, remember to give thanks and praise to people, like Le Fly, that make America great.

In closing, you should not have bet against me. God willing, you have learned, yet another, valuable lesson and will never question my market hand again, sans the whole Flotek Industries, Inc. [[FTK]] situation. Nonetheless, something tells me you little trollops are full of shit and are plotting against me, as I write this essay. My internet life is a never ending struggle, similar to the super hero-villain relationship, only gayer.

But in the end, “The Fly” will always win.

Happy Thanksgiving.

You hear me talking a lot of shit about random names, as if I was addled with a severe learning disability. Well, like in all grand plans there is a blueprint, a method of sorts, to my madness.

My current positions: